Bel Fuse Inc. (NASDAQ:BELFB) Declares Quarterly Dividend of $0.07

Bel Fuse Inc. (NASDAQ:BELFB) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.07 per share by the electronics maker on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, July 15th.

Bel Fuse has a dividend payout ratio of 4.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bel Fuse to earn $8.03 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 3.5%.

Bel Fuse Stock Up 2.2%

Shares of NASDAQ:BELFB opened at $260.40 on Friday. Bel Fuse has a one year low of $69.00 and a one year high of $308.27. The company has a 50 day moving average of $239.46 and a 200-day moving average of $205.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 59.32, a P/E/G ratio of 2.54 and a beta of 1.75.

About Bel Fuse

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.